Friday, 4 November 2011

Outlook of Nifty for 4th Nov


Nifty Future immediate support at 5251-5263 which does not seem to break easily. But if trades below this level for some time we may again retest 5223 and then to 5191-5175. Immediate resistance comes at 5337 and crossover with volume will show huge and fast short covering for a target of 5383-5403.

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